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Weekly Blogs

Gold to trade in range of $1600 to $1700 next week

Weekly Blog

Reading Time: 2 minutes Despite mounting recession fears and geopolitical risk, gold has struggled to gain substantial traction in the face of the Federal Reserve’s resolve to keeping inflation under control. Gold will find immediate resistance at $1680 and $1700 next week.

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Focus on FED

Weekly Blog

Reading Time: 2 minutes The Fed is widely expected to maintain its aggressive tightening policy, leaving little potential for a hawkish surprise at this stage. Gold is widely predicted to be under pressure for the rest of the year.

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Gold tries to find its footing

Weekly Blog

Reading Time: < 1 minute Gold prices are extremely volatile around $1700. FED Chair Jerome Powell said the central bank needed to “act soon” and “forthrightly” to manage inflation, raising the probability of a 75 basis point raise when it meets on September 21-22

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Precious Metals look vulnerable in short-term

Weekly Blog

Reading Time: 2 minutes Precious Metals declined over 3% for the week as mixed news raises concerns about whether the emerging US recession would worsen or the dollar will regain strength as the Federal Reserve considers additional large rate hikes.

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Dollar parity with Euro pressurises Precious Metals

Weekly Blog

Reading Time: 2 minutes Gold fell for the sixth week in a row and fell below $1700 for the first time in over a year. Europeans are dealing with something unthinkable just a few months ago: the euro approaching parity with the US dollar. This means that 1 EUR is equal to 1 USD. The euro last went below the dollar in November 2002

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gold sleigh this Christmas?

Gold Market may be near to its bottom

Weekly Blog

Reading Time: 2 minutes Gold lost more than 3% on a weekly basis in international markets, but due to import duty hike, it’s almost unchanged in domestic levels. Once the crisis is passed, gold should shine. Rising interest rates may continue to put downward pressure on the yellow metal for some time, but when they do, gold will have a wide-open field to run in.

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